2,282 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,282 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also recently made changes to their positions in BJ. UMB Bank n.a. boosted its position in BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the 3rd quarter valued at about $41,000. Wilmington Savings Fund Society FSB purchased a new stake in BJ’s Wholesale Club in the 3rd quarter valued at about $55,000. Blue Trust Inc. boosted its position in BJ’s Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after buying an additional 574 shares during the period. Finally, Avior Wealth Management LLC boosted its position in BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock valued at $104,000 after buying an additional 703 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Down 0.3 %

Shares of BJ’s Wholesale Club stock opened at $106.69 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $66.96 and a 12-month high of $107.61. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 4.69 and a beta of 0.32. The firm’s 50 day simple moving average is $96.41 and its two-hundred day simple moving average is $89.46.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the prior year, the business posted $0.98 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BJ. Jefferies Financial Group boosted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen upped their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group upped their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Roth Mkm upped their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.88.

BJ’s Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.